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20 Wide Bargate, Boston, Lincolnshire, PE21 6RF - Image 1
20 Wide Bargate, Boston, Lincolnshire, PE21 6RF - Image 2
20 Wide Bargate, Boston, Lincolnshire, PE21 6RF - Image 3

20 Wide Bargate, Boston, Lincolnshire, PE21 6RF

East of England

£1,150,000
Listed on 29/03/2026

Property Details

Bedrooms
N/A
Type
Retail Property (high Street)

Description

This vacant property, formerly operated as a Prezzo restaurant, presents a significant opportunity for redevelopment in a bustling town centre. The building features a prominent three-storey Grade II listed facade with two distinct units: Unit 1 occupies the ground and first floors, housing a fully equipped restaurant space primed for immediate use. Unit 2 offers potential for an additional ground floor restaurant, subject to completion of planned separation works. Plans have been approved for the upper floors, which will be transformed into 10 residential flats—comprising two studios, six one-bedroom apartments, and two two-bedroom units—making it an attractive investment for both rental income and capital growth. Detailed architectural plans and necessary certification are available to assist prospective buyers in understanding the renovation scope. Situated in Boston, a key market town with a population of roughly 70,000, this property benefits from high visibility and foot traffic. Its close proximity to local amenities, including Central Park and the Boston County Club, enhances its value proposition. This is an excellent chance to create bespoke residential and commercial spaces within a historic structure.

Investment Analysis

(PE21 area)
Area Average
£187/sq ft
Avg Rent (weekly)
£177
Avg Yield
4.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£250,000 - £400,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
35%
Properties sold annually

Local Market Trend (PE21)

Area prices are stable by -0.1% over the last 12 months
3 year growth: +3.8%
5 year growth: +18.0%
Investment Disclaimer: Analysis based on PE21 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

20 Wide Bargate, Boston, Lincolnshire, PE21 6RF
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£4,148
Based on a loan of £862,500 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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